CHAIRMAN’S STATEMENT

Risk Management

Risk is inherent to our activities but it is managed through a process of ongoing identification, measurement and monitoring, subject to risk limits and related controls.

Comprehensive discussion and analysis of exposure to risks, coupled with periodic reviews of the quality and adequacy of risk controls throughout the year enabled us to manage risks prudently in a rapidly changing economic and regulatory environment. We continue to review on an ongoing basis, the organization’s risk profile relative to its risk appetite and changes in local economic conditions.

Our rigorous internal controls, internal audit and compliance regimen ensure that our risk mitigation processes remain robust and dependable.